Buffer Zone Consent Received
| Stock | Meteoric Resources NL (MEI.ASX) |
|---|---|
| Release Time | 3 Oct 2025, 9:42 a.m. |
| Price Sensitive | Yes |
Meteoric Receives Buffer Zone Consent for Rare Earth Project
- Consent received to undertake operations within 3km zone of Environmental Protection Area
- Comprehensive research and stakeholder engagement process undertaken
- Pilot plant construction nearing completion, production expected in late November
Meteoric Resources NL (ASX: MEI) has received consent to undertake operations within the three (3) kilometre zone surrounding the Environmental Protection Area (APA) of the Ecological Sanctuary of Serra da Pedra Branca (Buffer Zone) for its Caldeira Ionic Clay Rare Earth Project. The Council of Management for the Environmental Protection Area of Pedra Branca (CONGEAPA) has officially consented to the commencement of operations within the designated Buffer Zone. This consent has been secured as part of Meteoric's process for obtaining environmental licensing for the Project. Meteoric has undertaken comprehensive research and consultation, beginning in mid-2023, to secure authorisation for mining operations within the Buffer Zone. This process included the preparation of an Environmental Impact Statement and ongoing engagement with key stakeholders such as the Caldas House of Councillors and neighbouring Indigenous Communities. Mining activities in the Buffer Zone are permitted subject to completion of an Environmental Impact Assessment, submission of a mitigation plan, and approval from the Minas Gerais Environmental Protection Agency (EPA). Meteoric has now secured all required Municipal consents for the completion of the Preliminary Licence (LP) approval process, and the Minas Gerais EPA is now in a position to continue to progress through the final stages of its review process for the issuance of LP. The development timeline for the Project remains on schedule, and Meteoric continues to advance other critical approval processes with the National Mining Agency (ANM), as well as progressing workstreams supporting the Definitive Feasibility Study (DFS). Construction of the Pilot Plant is nearing completion with commissioning and production of a Mixed Rare Earth Concentrate (MREC) expected in late November.